SPO Partners a large value oriented hedge fund is shutting down according to a source familiar with the matter who spoke to ValueWalk on condition of anonymity. The SPO closure is the latest in a series of high profile closures of large hedge funds. SPO Partners II is a hedge fund launched and managed by SPO Advisory Corp. The fund provides its services to university endowments, foundations, family trusts and partnerships, institutional investors, and individuals. It invests in the public equity markets of the United States. The fund typically invests in value securities to create its portfolios.